Prime Minister Saad Hariri reiterated the importance of reducing the country's deficit to reporters Monday.
, according to the International Monetary Fund. The small Mediterranean country bordering Israel to the south and Syria to the east passed a state budget in July, hoping that new austerity measures will cut the country's deficit and unlock $11 billion of foreign aid needed to keep the economy afloat.
"They convinced themselves that they have six months ... and in those six months they will try to do something," he said, adding that there were both political and economic differences to overcome.One particular issue which threatens to further cripple the Lebanese economy is corruption, he added. "Shia, in general, led by Hezbollah and Speaker of the House Nabih Berri, they are against privatization.
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